El Salvador: Not Just Laws, But Concrete Actions

Beyond the new laws to promote domestic and foreign investment, the government must demonstrate the existence of legal security in El Salvador.

Thursday, October 25, 2012

An article in Diario El Mundo reports that "The reform package that the government recently introduced to encourage domestic and foreign investment in the country, yesterday received the backing of the business association although they say there is still a lot to be do done."

"Javier Siman, president of the Salvadoran Association of Industrialists of El Salvador (ASI), views the government initiative as "positive", considering that the new reforms were submitted to consultation with the industry."

"We have always said that we will not be content with these laws alone to solve the problem of trust and the issue of legal security", said Siman.



More on this topic

El Salvador: Political Uncertainty Affects Investments

March 2015

Lack of official results from the March 1st elections creates uncertainty among employers and undermines the country's image as a destination for foreign investment.

Representatives from the Salvadoran Association of Industries (ASI) argue that "... the political environment in the country could deter foreign investors. " In addition, this could affect the disbursement of Fomilenio II.

Brakes on Investment in El Salvador

October 2014

Industrialists are pointing to political and legal uncertainty, high crime rates, corruption, bureaucracy and red tape as the main factors that are keeping away investors.

According to the Salvadoran Association of Industrialists (ASI), the government is not providing the right conditions in the country for the economy to grow, but, on the contrary has adopted tax reforms, which do not contribute its reactivation.

Governments Do Not Create Wealth

June 2012

"What makes a country prosperous is not its resources but how productive it is. A country is not rich because of what it has but because of what it does with it " - Javier Simán.

An analysis by Claudio M. de Rosa in an article in Laprensagráfica.com, refers to the economical situation and the political circumstances in El Salvador, but most of the concepts and findings can be extrapolated to the entire Central American region.

Investment Flees Due to Political Instability

June 2012

"Nothing threatens stability as much as lack of respect for the law. No one invests in an unstable country," Javier Siman, president of ASI.

An article in Elsalvador.com reviews a speech by the president of the Salvadoran Association of Industries (ASI), which criticizes "the ongoing confrontation between the Legislature and the Supreme Court, and the government and private enterprise."

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